India’s Economy Expands 4.4% in Q2
India's Gross Domestic Product grew at 4.4 percent in the second quarter of 2013, the worst quarterly rate since 2002, hurt by a decline in mining and manufacturing.
8/30/2013 1:39:26 PM
The economic activities which registered significant growth in Q2 were: financing, insurance, real estate and business services at 8.9 percent and community, social and personal services at 9.4 percent. The estimated growth rates in other economic activities are: 3.9 percent in trade, hotels, transport and communication; 3.7 percent in electricity, gas & water supply; 2.8 per cent in construction; 2.7 percent in agriculture, forestry & fishing.
Manufacturing and mining activities decreased 1.2 percent and 2.8 percent respectively.
According to the latest estimates available on the Index of Industrial Production, the indexes of mining, manufacturing and electricity declined 4.5 percent, 1.2 percent and 3.5 percent respectively during the second quarter. In comparison, in the first quarter, mining decreased by 1.6 percent, manufacturing by 0.8 percent and electricity grew by 6.4 percent.